Highly reversionary distribution facility

Rare opportunity to acquire a prime highly reversionary distribution facility in a core West Midlands ‘Golden Triangle’ location. Located within five miles of 11 motorway junctions, providing excellent access to the U.K’s motorway network via the M6, M6 Toll and M42. 92% of the U.K. population accessible within a 4.5 hour HGV drive time. Well specified self-contained 99,109 sq ft (9,207.4 sq m) unit constructed in 1999 with 9.1 metre clear eaves height. Let to the D&B rated 5A1 covenant of All Metal Services Ltd, part of the Reliance Steel & Aluminium Co. Group. Unexpired term of 3.3 years to lease expiry. Low passing rent of £787,900 per annum (£7.95 per sq ft). The unit is All Metal Services’ U.K. headquarters and is integral to their operations. Prime logistics rents in the West Midlands are in excess of £10.00 per sq ft demonstrating the undoubted reversionary potential. Medium term refurbishment opportunity to enhance EPC rating by way of upgrade works as part of any regear negotiation with the tenant and further drive returns.